Posts by Charles Rukuni

The shortage of foreign currency and the accumulation of arrears is discouraging foreign investment as investors are unable to repatriate their dividends. By the end of last year an estimated…

Foreign exchange remains the single most important factor hobbling the performance of the economy. Concessions should therefore be made and consensus on the way forward should be forged if the…

The Merchant Bank of Central Africa (MBCA) says after two years of negative growth charactised by critical shortages of foreign currency, fuel and basic foodstuffs, high inflation and unemployment, it…

Metropolitan Bank, which has been a strong advocate for land reform, says thousands of previously disadvantaged Zimbabweans who have been empowered by the land reform programme have the capacity to…

Interfin Holdings, a financial services group which incorporates merchant banking, insurance, consumer finance, stockbroking and asset management, had a net profit of $3.6 billion, a 1 663 percent increase from…

Century Holdings, another financial services company which is expanding into the region, saw its International Transfer company in Botswana make a loss of $55 million but it says this was…

Royal Bank, one of the latest commercial banks in the country, made a profit of $70.2 million in its first eight months of operation, but it already had seven branches,…

ZDB Financial Services now seems to be out of the doldrums. After recording paltry profits of under $30 million for two consecutive years, the institution last year recorded a five-fold…

Rapid Discount House had a slight drop in profit from $430.6 million to $420.1 million, largely because of an increase in operating expenditure and a higher tax provision. Interest income…

Time Bank had a strong performance with net profit increasing from $679.7 million to $2.1 billion last year. Net interest income increased from $994.3 million to $2.9 billion while fees…